Wasatch Advisors LP Has $228.03 Million Stock Position in Shift4 Payments, Inc. (NYSE:FOUR)

Wasatch Advisors LP lifted its holdings in shares of Shift4 Payments, Inc. (NYSE:FOUR) by 34.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,451,361 shares of the company’s stock after purchasing an additional 881,216 shares during the period. Shift4 Payments accounts for 1.2% of Wasatch Advisors LP’s holdings, making the stock its 28th biggest holding. Wasatch Advisors LP owned about 4.00% of Shift4 Payments worth $228,031,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Rhumbline Advisers increased its position in Shift4 Payments by 3.5% during the 3rd quarter. Rhumbline Advisers now owns 70,706 shares of the company’s stock valued at $3,915,000 after purchasing an additional 2,380 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Shift4 Payments during the third quarter worth $454,000. Nomura Holdings Inc. raised its stake in Shift4 Payments by 3.7% during the third quarter. Nomura Holdings Inc. now owns 8,436 shares of the company’s stock worth $467,000 after buying an additional 298 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its holdings in Shift4 Payments by 136.5% in the third quarter. Schonfeld Strategic Advisors LLC now owns 281,011 shares of the company’s stock valued at $15,560,000 after buying an additional 162,192 shares during the period. Finally, Alps Advisors Inc. bought a new stake in Shift4 Payments during the third quarter valued at $331,000. Institutional investors own 98.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FOUR. Redburn Atlantic raised Shift4 Payments from a “sell” rating to a “neutral” rating and set a $53.00 price objective on the stock in a research note on Friday, April 19th. Wedbush began coverage on Shift4 Payments in a report on Friday, May 24th. They set a “neutral” rating and a $75.00 price target on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $94.00 price objective on shares of Shift4 Payments in a research note on Wednesday, April 3rd. The Goldman Sachs Group dropped their target price on shares of Shift4 Payments from $91.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, April 15th. Finally, Wells Fargo & Company decreased their price target on shares of Shift4 Payments from $100.00 to $75.00 and set an “overweight” rating for the company in a research note on Friday, May 10th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.67.

Shift4 Payments Stock Down 0.4 %

NYSE FOUR traded down $0.26 on Tuesday, reaching $73.58. The company had a trading volume of 762,240 shares, compared to its average volume of 1,394,525. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.96. The company’s fifty day moving average is $67.18 and its 200 day moving average is $71.01. Shift4 Payments, Inc. has a 52-week low of $42.91 and a 52-week high of $92.30. The stock has a market capitalization of $6.44 billion, a P/E ratio of 49.38, a P/E/G ratio of 0.94 and a beta of 1.63.

Shift4 Payments (NYSE:FOUR) last announced its earnings results on Thursday, May 9th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.01). Shift4 Payments had a net margin of 3.38% and a return on equity of 25.21%. The firm had revenue of $263.70 million during the quarter, compared to analysts’ expectations of $268.55 million. Sell-side analysts anticipate that Shift4 Payments, Inc. will post 3.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Shift4 Payments

In other Shift4 Payments news, CEO Jared Isaacman acquired 85,916 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were acquired at an average price of $67.09 per share, with a total value of $5,764,104.44. Following the completion of the transaction, the chief executive officer now owns 582,827 shares in the company, valued at $39,101,863.43. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Jared Isaacman acquired 85,916 shares of the stock in a transaction on Tuesday, May 14th. The shares were acquired at an average price of $67.09 per share, with a total value of $5,764,104.44. Following the completion of the transaction, the chief executive officer now owns 582,827 shares in the company, valued at approximately $39,101,863.43. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sarah Goldsmith-Grover sold 1,000 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $72.06, for a total transaction of $72,060.00. Following the transaction, the director now directly owns 9,474 shares of the company’s stock, valued at $682,696.44. The disclosure for this sale can be found here. Company insiders own 30.57% of the company’s stock.

About Shift4 Payments

Shift4 Payments, Inc (NYSE FOUR) provides integrated payment processing and technology solutions in the United States. Its payments platform provides omni-channel card acceptance and processing solutions, including end-to-end payment processing for various payment types; merchant acquiring; proprietary omni-channel gateway; complementary software integrations; integrated and mobile point-of-sale (POS) solutions; security and risk management solutions; and reporting and analytical tools, as well as tokenization, risk management/underwriting, payment device and chargeback management, fraud prevention, and gift card solutions.